Sagrado Corazon De Jesus Group
Gracelda, another of the members, self identifies at the poverty level [See information below]. She notes that through her work she wants to improve her own life and that of her family. She wants to be able to help her family so they don’t have to experience deprivation. She sells fruits and vegetables and says that she has many good customers because she always has very good products to offer them. Her business is providing her the means to help her family.
She is requesting this loan in order to purchase vegetables and fruits so that she can continue to provide good produce and expand her customer base.
Gricelda, una de las integrantes, está en el nivel de eliminación de pobreza 2. Y cuenta que por medio de su trabajo quiere poder mejorar su vida, y la de su familia, para poder ayudarlos y que no pasen por necesidades. Ella vende frutas y verduras, comenta que tiene muy buena clientela, ya que siempre tiene muy buenos productos para ofrecer a sus clientes y que así tiene los medios para ayudar a su familia.
Solicita de este crédito para la compra de verduras y también de frutas, para seguir dando un buen producto a sus clientes y hacerse también de más clientela.
More information about this loan
This loan is part of the innovative “Poverty Stoplight” program developed by Fundación Paraguaya for women living in poverty. A “stoplight” measurement tool is used to help borrowers self-identify the type of poverty that affects them most (lack of income, dearth of financial opportunities, poor living conditions etc.). Borrowers rate 50 areas of their life as green (not poor), yellow (poor) or red (extremely poor). Together with their loan officer, they come up with a plan to resolve yellow and red indicators. Through this program, Fundación Paraguaya hopes to lift 9,000 women and their families out of poverty by 2017.
To learn more about this unique approach to eliminating poverty, you can read this article on Fundación Paraguaya’s website.
About Fundación ParaguayaFundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid